Sodium Hydrosulfide Market Analysis

Sodium Hydrosulfide Market Analysis

Liquid form segment is poised to surpass USD 265 million upto 2024. These products are used industries including leather, textile and pulp & paper due to its property of being highly soluble in water and alcohol, which is anticipated to fuel product demand.
 

Solid sodium hydrosulfide market size may observe strong gains at over 3.5% by 2024 due to its application in chemical industry. It has wide application as a substitute for sodium sulfide for sulphidization of lead, zinc, copper and oxides of copper for making them amenable to collector material. Easy availability and cost effectiveness over other substitutes will contribute towards industry growth.
 

Technical grade segment may exceed 365 kilo tons in the forecast timeline. These products are used in plastic and paint industry to produce dye accompanied with its application in waste treatment programs which requires reduction & stabilization of heavy & toxic metals through the means of precipitation durability. Increasing product consumption in water treatment industry owing to strict regulations regarding water pollution along with expanding water treatment system market, which is anticipated to reach USD 40 billion by 2024 may propel product demand.

Growing research to examine its use in reducing kidney injury and treating rare disease will promote sodium hydrosulfide usage in pharmaceutical sector, thus driving overall product demand.
 

Sodium hydrosulfide market size from pulp & paper application is poised to outdo 190 kilo tons in forecast timeframe. It acts as a reagent in Kraft process to maintain the level of sulphur along with and used as catalysts to increase reaction rate of paper processing, thereby stimulating product demand in the forecast timeline.
 

Mining application segment is likely to witness gains of over 3.5% by 2024 owing to feature of acting as floatation agent. It is used in mining of metals & salts due to its good solubility in water, it precipitates heavy metal from the ore, resulting in easy recovery of metals. Rising influence towards efficient metal recovery along with growth in mining and exploration activities is likely to contribute towards industry growth in projected timeline.

Asia Pacific led by, Australia, Japan, South Korea, India and China sodium hydrosulfide market size may surpass USD 190 million at the end of 2024 owing to presence of major manufacturers of leather products including footwear mainly in India and China. The product is used to remove hair from animal skin during leather production, thereby driving regional product demand.

Europe driven by Italy, France, UK, and Germany market size may observe significant gains over 3% up to 2024 due to strong mining industry. Sodium hydrosulfide is used as a flotation agent in mining industry including extraction of molybdenum, nickel, cobalt, copper and zinc.
 

Brazil market size may witness strong gains on account of growing pharmaceutical industry. The product has been researched for its potential medical applications, which will fuel product demand.